Raymond Limited’s Q3 FY25 Results Show Robust Growth Across Key Segments

Raymond Limited announced its unaudited financial results for the quarter ending December 31, 2024, showcasing a strong performance driven by its Real Estate and Engineering businesses. Additionally, EBITDA stood at Rs.169 crore, with an EBITDA margin of 17.2 percent. The reported performance includes the impact of the MPPL acquisition, which was completed in March 2024.

Raymond Limited continues to maintain a Net Cash Surplus position, with Rs. 686 crore available for future expansion.

“We witnessed continued growth momentum in our Real Estate business during the quarter, with a strong booking value on account of the successful launch of a new residential tower and continued traction in high street retail shops on our Thane land. Additionally, we remain optimistic about the future of our Engineering business, particularly in the aerospace sector, where we foresee significant growth opportunities. As we enter the last quarter of the financial year, we remain optimistic about the growth trends across businesses and we are confident in our ability to deliver sustained value to our stakeholders.”

EBITDA for the segment grew to Rs. 116 crore from Rs. 97 crore in the same period last year, with an EBITDA margin improvement of 160 basis points to 23.8 percent. The launch of a new residential tower in The Address by GS 2.0, Thane, received an overwhelming response. Raymond Realty remains committed to delivering projects ahead of schedule, a factor that has enhanced customer confidence. The company’s Real Estate business has a total potential revenue of Rs. 32,000 crore, with Rs. 25,000 crore from the Thane land parcel and Rs. 7,000 crore from four separate JDAs.

However, the auto components and engineering consumables segment faced challenges due to sluggish export markets caused by weak demand and geopolitical issues. The segment recorded an EBITDA margin of 12.0 percent, lower than the 13.8 percent in Q3 FY24, primarily due to changes in the product mix.

Quick commerce company Zepto has successfully completed a reverse flip from Singapore to India, transitioning to an Indian parent entity in preparation for its upcoming IPO.

“Today, we received formal approval from Singaporean courts and the NCLT in India to complete our cross-border merger and become an Indian parent entity. We executed this project in true Zepto fashion: challenging the status quo, cutting internal red tape ruthlessly, and having deep control over the details. At Zepto, we have a habit of delivering what people say is impossible,”

He further emphasized that the Indian ecosystem is now growing in favor of Indian shareholders. 

Bafna highlighted the move as a valuable #GharWapasi template for the startup ecosystem, which could help create a strong pipeline for future capital market access.

“Historic scenes on completion of #IndiaFirst reverse merger from Singapore to India in the #FastestEver timeline,” Bafna wrote in his post.

“This is a good #GharWapasi template for the startup ecosystem and overtime enables a great pipeline towards capital markets,” Bafna reiterated.

In the financial year 2024, Zepto reported a revenue of Rs 4,454 crore, more than double the Rs 2,025 crore achieved in the previous fiscal year. The company also managed to reduce its losses slightly to Rs 1,248.6 crore for FY24, compared to Rs 1,272.4 crore in FY23, according to data from Tofler.

Apparel Group has announced the opening of its second Victoria’s Secret store in Bengaluru at Nexus Koramangala Mall. T

Bengaluru, known as India’s "Silicon Valley," blends a rich cultural heritage with a modern cosmopolitan vibe.

The newly opened store is designed to offer an elevated shopping experience, with a special focus on beauty. Shoppers can explore a range of the brand’s popular collections, including Bombshell, Bare, Tease, Very Sexy, and more, making it a must-visit spot for beauty enthusiasts in Bengaluru.

, “The launch of our 12th Victoria’s Secret store in India marks an exciting milestone as we continue our journey to bring the brand closer to our customers. With every new store, our goal is to deliver a premium and immersive experience that connects with the local community while providing access to our iconic brands. We are delighted to expand into the vibrant city of Bengaluru and look forward to welcoming customers into this luxurious space.”

, “Bengaluru is a key market for us, representing one of India’s fastest growing and most dynamic cities. By strategically expanding in South India, we are strengthening our connection with customers and bringing Victoria’s Secret's world-class offerings closer to them.”

This Bengaluru launch follows the recent opening of Victoria’s Secret store in Hyderabad, highlighting Apparel Group’s commitment to delivering exceptional retail experiences across South India.

ITC’s Sunfeast has launched Sunfeast Wowzers. Sunfeast Wowzers introduces a sweet, indulgent twist to the traditionally savoury cracker category.

Consumer preference trends indicate that "crunchiness" is a key factor in the popularity of crackers, and Sunfeast Wowzers features an exceptional 14-layer enrobed cracker design. This design ensures a crisp, indulgent texture, setting it apart from other products. The two new variants, Cheese Crème Enrobed Cracker and Lemon Crème Enrobed Cracker, promise a distinctive flavour experience.

In conjunction with the product’s release, ITC has rolled out an advertisement campaign. The commercial, conceptualized by Ogilvy, is centered around the tagline “Iske Har Bite Mein Hai Wow!”

Ali Harris Shere, Chief Operating Officer of ITC Ltd’s Biscuits and Cakes Cluster said, “”

Puneet Kapoor, Chief Creative Officer at Ogilvy South added, “”

Currently, Sunfeast Wowzers is available in Tamil Nadu, Kerala, Maharashtra, Andhra Pradesh, Telangana, West Bengal, and Gujarat. It will soon expand to other regions across India.

The Security Solutions business of the Godrej Enterprises Group is focused on expanding its presence in India's retail security solutions industry. The company is targeting an 85 percent market share in the home locker segment and 70 percent in the safes and vaults category by 2025.

It is leveraging a vast network of channel partners and maintaining a strong presence on e-commerce platforms such as Amazon to enhance nationwide accessibility.

“” said Pushkar Gokhale, Executive Vice-President and Business Head of the Security Solutions Business of Godrej Enterprises Group.

Godrej Enterprises Group is positioned to capitalize on the increasing demand for security solutions driven by personal consumption growth and premiumization trends. Additionally, it provides specialized security solutions such as advanced valves for defense applications, catering to complex and critical security needs.

With ongoing investments in research and development, the Security Solutions business aims to expand into Tier II and Tier III cities while strengthening its global footprint.

The Board of Directors of Punto Fa S.L., the parent company of Mango, has unanimously appointed Toni Ruiz as Chairman while retaining his role as CEO.

Additionally, the Board has named Jonathan Andic as Vice-Chairman, reaffirming the Andic family’s commitment to Mango’s future.

Toni Ruiz, Chairman and CEO of Mango said, “”

As part of its ongoing efforts to professionalize management, the Board has also appointed Manel Adell as an Independent Board Member. Adell, with a degree from ESADE business school and an MBA from IMD Lausanne, has extensive experience in multinational companies such as Bang and Olufsen, Cadbury Schweppes, and Agrolimen. He previously led Desigual’s expansion as CEO and has served as an independent board member for global brands including Puig, Charlotte Tilbury, Amer Sports, and Flying Tiger.

The Board of Directors of Mango (Punto Fa S.L.) now includes Toni Ruiz as Chairman and CEO, Jonathan Andic as Vice-Chairman, and executive board members Daniel López and Margarita Salvans. The five independent board members include Jordi Canals (IESE Business School), Jorge Lucaya (AZ Capital), Jordi Constans, Marc Puig (Puig), and Manel Adell. Eugenia Jover serves as Secretary (non-member) of the Board.

Mango’s business operations continue under its Steering Committee, comprising eleven members across key company functions. Toni Ruiz leads as CEO, with Jonathan Andic overseeing Mango Man, Luis Casacuberta managing product and sustainability, and César de Vicente as Chief Global Retail Officer. Other key executives include Elena Carasso (Online and Customer), Daniel López (Expansion and Franchise), Blanca Muñiz (Brand), Jochen Grosspietsch (Supply Chain), Jordi Álex Moreno (Information Technology), David Payeras (People), and Margarita Salvans (Finance).

The Board of Directors of Mango MNG Holding S.A.U. includes Jonathan Andic as Chairman, with Sarah Andic and Judith Andic as Vice-Chairwomen. Toni Ruiz represents Ionian Investments S.L.U. as CEO and serves as a Board Member representing Punto Fa S.L., alongside Daniel López. Eugenia Jover serves as Secretary (non-member).

Under his leadership, Mango achieved record revenue of over €3.1 billion in 2023, outpacing market growth and strengthening financial stability.

Unlike many competitors, Mango continues to expand its store network. He has also overseen improvements in governance and business processes.

Recognizing his leadership, Mango’s Board made Ruiz a shareholder, granting him a 5% stake in the company. This move, proposed by Mango’s founder Isak Andic, reinforces the brand’s long-term strategic direction.

As Mango marks its 40th anniversary, the company is focused on achieving the objectives set in its 4E Strategic Plan. By 2026, it aims to exceed €4 billion in revenue and double its profits, further strengthening its presence in India and the global retail market.

Nykaa, India’s premier beauty and lifestyle retailer, has unveiled its largest Luxe store at Phoenix Palladium, marking a significant milestone in the luxury beauty experience in the city.

With cutting-edge technology at its core, Nykaa introduces AI-powered services, including virtual try-ons and personalized skin consultations, powered by Orbo’s Magic Mirror technology. Customers can also indulge in express skincare treatments, with luxury 15-minute facials provided by Dermalogica in a dedicated service room. For those looking for a complete makeover, Nykaa offers in-store makeovers by its certified professional artists.

These elements work together to ensure a tailored and immersive shopping journey for every visitor.

, “Every Nykaa store is a reflection of our unwavering belief in making beauty more accessible and experiential. The Luxe store at Phoenix Palladium is not just our largest but also our most ambitious endeavor yet. With its elevated design and world-class aesthetics, we’ve created a first-of-its-kind space that brings the essence of international beauty shopping to India. From exclusive global brands to personalized services, this store is a destination that champions the diversity and inclusivity of beauty while redefining the luxury retail experience.” 

The opening of the Luxe store at Phoenix Palladium is another step in Nykaa's mission to deliver an unparalleled beauty shopping experience, cementing its position as a leader in luxury beauty retail in India.

Glamzy, an omnichannel beauty platform, has expanded its retail presence in South India, aiming to enhance accessibility to beauty and wellness products in tier ll and tier lll cities.

Currently, Glamzy operates four stores in Mysuru and plans to launch an immersive experience store soon. Its omnichannel platform, available via the web and the Glamzy app, offers free 15-minute delivery across Karnataka and Tamil Nadu, excluding Bangalore and Chennai.

Rahul Aggarwal and Hariher Balasubramanian, Co-Founders leverage their experience from building BuyEazzy, a beauty e-commerce platform, to strengthen Glamzy. “” said Rahul Aggarwal, Co-Founder, Glamzy.

Hariher Balasubramanian added, “”

The company integrates the try-and-buy appeal of physical stores with the speed and convenience of its online platform.

As Glamzy continues to expand, its focus remains on making beauty and wellness accessible and inclusive for a broader consumer base.

One of the renowned women's fashion brands Madame has launched its sixth outlet in Northeast India, making its debut in Nagaland.

With this new store, Madame strengthens its footprint in the Northeast, complementing its existing outlets in Gangtok, Guwahati, Imphal, Itanagar, and Siliguri. This expansion highlights the brand’s commitment to making modern Western fashion more accessible in the region.

, “Northeast India has always been a significant market for us, given its vibrant fashion culture and discerning customer base. The fashion-forward women of Nagaland have always impressed us with their unique sense of style. The opening of our first store in Nagaland is a step towards bringing our unique fashion collections closer to the people of the region and we are excited to become a part of their fashion journey. We look forward to fostering a strong connection with our customers in Dimapur and beyond.”

The brand’s evolution into a retail giant showcases its deep understanding of shifting consumer preferences and ability to adapt to evolving fashion trends.

With this launch, Madame continues its mission to inspire fashion-forward choices and expand its presence in the Northeast. Embodying the philosophy of Be Everyone U R, the brand encourages women to embrace their multifaceted lives. Offering styles for every season and occasion, Madame remains dedicated to empowering women through fashion.

Colgate-Palmolive (India) Limited reported a slight reduction in advertising expenditure for Q4 FY24, with spending amounting to Rs. 200.1 crore, a 2.1 percent decline compared to Rs. 204.3 crore in the same period last year.

For the nine-month period, Colgate-Palmolive demonstrated stronger growth momentum, with net sales rising 9.2 percent year-on-year to Rs. 4,547 crore, up from Rs. 4,164 crore during the corresponding period in the previous year.

However, these metrics remained below the elevated levels set last year. The net profit after tax for the quarter stood at Rs. 322.8 crore, reflecting a marginal 2.2 percent decline from the Rs. 330.1 crore reported in the same quarter last year.

For the nine-month period, the company posted a stronger profit performance, with net profit after tax rising 14.6 percent year-on-year to Rs. 1,081.8 crore, compared to Rs. 943.8 crore in the same period of the previous year, despite the reduction in advertising expenditure.

Nonetheless, the overall results reflect Colgate-Palmolive India's strong position in the market and its ability to navigate challenges in the business environment.

Colgate-Palmolive’s performance for Q4 FY24 and the nine-month period sets a solid foundation for further growth as the company maintains its leadership in the oral care segment and expands its presence in the broader consumer goods market.

Shoppers Stop, one of the renowned department store chains, has significantly bolstered its presence in North India with the grand opening of its latest outlet in Pitampura, a bustling residential area in North West Delhi.

“We are thrilled to announce the launch of our brand-new store at Pitampura, a vibrant locality known for its rich heritage and community spirit. Named after the historic ‘Pitampura Village’, this neighborhood beautifully blends tradition and modernity – a perfect match for Shoppers Stop’s ethos,”

Shoppers Stop’s Pitampura store features a broad assortment of apparel, watches, bags, sunglasses, fragrances, and gifting options, serving men, women, and children.

These brands are renowned for their quality and style, ensuring that customers have access to the latest trends and high-quality products across multiple categories.

Since its inception in 1991, Shoppers Stop has grown into one of India’s most prominent department store chains, with a strong presence across the country. The total retail space under Shoppers Stop spans a massive 4.3 million square feet, located across 68 cities in India, underscoring the brand's expansive reach.

India-based alcoholic beverage company Loca Loka has announced a strategic addition to its global leadership team with the appointment of Rajiv Ghumman as Global Business Head.

In his new role, Ghumman will oversee marketing strategies, sales operations, and expansion initiatives for Loca Loka across key international markets, reflecting the company’s commitment to global growth.  

Rajiv Ghumman stated, “”  

Harsha Vadlamudi, Founder of Loca Loka shared, “”  

The company has also entered Southeast Asia, a market with increasing demand for innovative spirits. These developments align with the global tequila industry’s growth trajectory, which has been driven by rising consumer interest in premium and craft tequila.  

Factors such as premiumization, craft production, diverse flavor profiles, and increased interest in agave-based spirits contribute to this growth. Tequila’s lower sugar levels compared to other spirits have also boosted its popularity among health-conscious consumers.  

Loca Loka has officially entered the international alcoholic beverage market with its flagship products: Tequila Blanco and Tequila Reposado. The Tequila Blanco 750 ml bottle is priced at $40, while the Tequila Reposado is available for $49.  

With its continued focus on quality and global expansion, Loca Loka is positioning itself as a significant player in the premium tequila market, leveraging India’s expertise in retail strategies and expanding its reach across international markets.

Glamzy, a well-known beauty omnichannel platform, has officially launched its operations in South India, the company announced in a release.

Through its web platform and the Glamzy app, the company provides a curated selection of beauty and wellness products, promising rapid, free delivery within 15 minutes across Karnataka and Tamil Nadu, excluding Bangalore and Chennai.

“Our vision is to establish 50 Glamzy stores across non-metro cities by the end of 2025. This expansion is a step toward making high-quality beauty products accessible to a wider audience. We are excited to bring this vision to life,”

, “The overwhelming response in Mysuru has been inspiring. We aim to replicate this success across other cities, creating a one-stop destination for traditional beauty essentials and the latest trends.”

With a focus on inclusivity, diversity, and convenience, Glamzy strives to empower individuals while addressing the unique needs of Tier II and Tier III cities.

With a keen focus on diversity, Glamzy seeks to celebrate and support individuality, ensuring that its products meet the varying needs of customers across India. This commitment is further underscored by its emphasis on convenience, with features like rapid delivery and a user-friendly app interface designed to simplify the shopping experience.

Emami Limited, one of India's leading FMCG companies, has seen a noteworthy increase in its advertising and promotional expenditure for the third quarter of FY25. This growth in spending reflects the company’s continued focus on enhancing brand visibility and driving consumer engagement through various marketing initiatives.

This uptick in advertising spend aligns with Emami's broader strategy of bolstering its brand presence and expanding its reach across key markets.

In terms of overall business performance, Emami reported strong revenue growth for Q3 FY25. This year-on-year growth in revenue highlights the resilience of Emami’s diverse portfolio of brands, which include well-known products in the personal care, health care, and home care categories.

This significant sequential growth reflects the impact of the company’s marketing strategies, coupled with the strong performance of key product categories that continue to resonate with Indian consumers.

In addition to its growth in revenue, Emami also reported a robust profit after tax (PAT) of Rs. 279 crore for Q3 FY25, underlining its profitability despite an increase in marketing spend. The PAT figure signifies the company’s efficient cost management and its ability to generate strong returns from its expanding operations.

KRBL Ltd has announced Bollywood actor Amitabh Bachchan as the brand ambassador for its flagship ‘India Gate’ brand.  

Ayush Gupta, India Business Head, KRBL stated, “”  

The company aims to leverage Bachchan’s iconic presence to enhance consumer engagement, with plans to promote the brand’s story across India and globally.

With this collaboration, KRBL seeks to deepen its connection with consumers and expand its reach within the retail sector in India and beyond.  

Lakshita, a brand specializing in ethnic and fusion wear, has reported significant growth in India’s retail sector post-pandemic.

Established to merge ethnic fashion with modern aesthetics, Lakshita offers a wide range of garments crafted from fabrics like velvet, suede, rayon, and chanderi. Its designs, characterized by embroidery, prints, and sequins, cater to both everyday and festive wear, appealing to a diverse customer base.  

The brand plans to open 100 exclusive brand outlets (EBOs) by the end of FY 2024-25, targeting regions like Himachal Pradesh and Chandigarh. By FY 2025-26, it aims to expand to 150 stores and double its revenue by FY 2027-28.  

This growth plan involves investments in store renovations, technology upgrades, and hiring skilled professionals to enhance the customer experience. To improve in-store engagement, digital screens have been introduced in select locations, enabling customers to explore collections interactively. These features will be extended to more stores, combining traditional retail with modern technology.  

Lakshita emphasizes customer satisfaction by offering services such as lifetime alterations, ensuring long-term value for its buyers. This digital strategy has helped Lakshita connect with younger, tech-savvy customers.  

The *Sitarey* collection is one of Lakshita’s standout offerings. Inspired by Bollywood glamour, it features elegant A-line and straight silhouettes crafted from fabrics like velvet and chanderi. The collection’s rich jewel tones, embroidery, sequins, and digital prints are ideal for festive occasions such as Navratri, Durga Puja, and Karwa Chauth.  

Looking ahead, Lakshita plans to introduce a wedding line with intricate designs for brides and wedding guests, alongside an Indianized Western wear range. The latter will blend Western silhouettes with Indian fabrics, catering to modern tastes with a traditional twist. E-commerce remains a core focus for Lakshita as it continues to expand its online presence through digital marketing and social media. This omnichannel approach allows customers to shop conveniently, both in-store and online.  

The brand is also exploring international markets, aiming to expand globally by 2025.

As Lakshita works toward its goals of opening more stores, launching new collections, and embracing digital retail, it is poised for continued growth in the Indian retail market and beyond.  

Hindustan Unilever (HUL) has announced its financial results for the quarter ending December 31, 2024, revealing notable shifts in advertising and promotional expenditures, alongside strong profit growth fueled by strategic moves.

However, overall underlying volume growth (UVG) was flat, impacted by a negative product mix.

"FMCG demand trends remained subdued with continued moderation in urban growth while rural sustained its gradual recovery. In this operating context, we delivered competitive growth by driving unmissable brand superiority, investing behind brands and capabilities whilst maintaining healthy margins. In line with our strategic intent to transform our portfolio in fast-growing spaces, I am excited to announce the acquisition of the premium actives-led beauty brand Minimalist. This acquisition is another key step to grow our Beauty & Wellbeing portfolio in the high growth masstige beauty segment."

The retail real estate market in India witnessed robust activity in 2024, with fashion and apparel retailers leading the charge. According to the latest report H2 2024, the fashion and apparel segment accounted for 37 percent of the total retail leasing during the July-December 2024 period. This was followed by entertainment (14 percent) and homeware and department stores (13 percent).

Retail leasing activity across India’s top eight cities reached approximately 6.4 million sq. ft. In 2024, with 3.2 million sq. ft. absorbed in H2 alone. Bengaluru emerged as the frontrunner, followed by Hyderabad and Delhi-NCR, collectively contributing 58 percent of the total space absorbed in H2 2024.

Key factors driving this growth include a 2 percent year-on-year increase in consumer confidence, a projected 9 percent growth in retail sales for 2025 compared to 2024, and a 6 percent rise in consumer spending. These positive indicators are expected to sustain momentum in the retail sector, particularly in discretionary categories like apparel, footwear, and recreational goods.

Domestic transactions dominated the retail leasing landscape, accounting for 77 percent of total activity. Limited new supply in 2024, with just 0.7 million sq. ft. of Grade A mall space added during H2, led to a rise in rental values in select micro-markets. However, a strong supply pipeline is anticipated in 2025, with 5-6 million sq. ft. of Grade A malls expected to commence operations in key cities such as Bengaluru, Hyderabad, Delhi-NCR, and Mumbai.

“The Indian retail landscape is set for significant growth in 2025. With a robust supply pipeline and continued demand from key sectors, retail leasing is poised to remain strong. Retail spaces are evolving to offer a seamless mix of shopping, dining, and entertainment, ensuring a dynamic and transformative year ahead,” said Anshuman Magazine, Chairman and CEO of CBRE India, Southeast Asia, Middle East & Africa.

The report also highlights the continued expansion of the direct-to-consumer (D2C) sector, contributing 7 percent of retail leasing activity in 2024. Strategic partnerships facilitating the entry of foreign brands and the evolution of experiential retail are expected to further transform India’s retail market in 2025.

Gemological Science International (GSI), a leading global gemological organization, has launched a state-of-the-art satellite laboratory in Indore to cater to the dynamic jewellery market of Madhya Pradesh. The facility, inaugurated on 24 January 2025 by Ramit Kapur, Managing Director of GSI India, spans 1,200 sq. ft. and offers same-day certification services for jewellery, diamonds, and gemstones.

This new laboratory aims to meet the rising demand for fast and reliable certification services in Madhya Pradesh’s growing jewellery manufacturing and trading sector. Traditionally reliant on sourcing from Mumbai, Surat, and Jaipur, the state is witnessing a shift towards local manufacturing, driven by increasing customer demand for customised jewellery. GSI’s Indore lab will play a pivotal role in ensuring accurate certification and quality assurance, fostering transparency and trust in the regional jewellery market.

Equipped with advanced technology, the lab introduces specialised services previously unavailable in the state. Among its cutting-edge tools is the ‘Trusure’ series by Mindron and GSI, designed for advanced screening and testing of diamonds and gemstones. These resources enable jewellers to operate with confidence, ensuring high standards of quality in their products.

Highlighting the lab’s mission, Ramit Kapur said, “The rise in customer demand for customised jewellery has spurred a shift toward local manufacturing in Madhya Pradesh, reducing reliance on sourcing from Mumbai, Surat, and Jaipur. With this shift comes the critical need for accurate certification and quality assurance. GSI’s Indore lab offers same-day gemological services with unmatched turnaround times, empowering jewellers to meet market demands efficiently while ensuring consumer trust. Our global expertise, combined with cutting-edge technology, streamlines the certification process, transforming how jewellery businesses operate in Madhya Pradesh.”

As part of its commitment to strengthening Madhya Pradesh’s jewellery supply chain, GSI will host workshops for retailers and sales teams on advanced sales techniques and gemstone education. Tailored sessions for end-consumers will also be organized to help them make informed decisions and enhance their jewellery shopping experience.

Founded in 2005 in New York, GSI is renowned for its global expertise, ethical practices, and innovative gemological solutions, making it a trusted partner for manufacturers and retailers worldwide.

Renowned jewellery brand PNG Jewellers has reached a significant milestone with the inauguration of its 50th store in the historical city of Satara. The store was launched on January 24, 2025, by popular actor Swapnil Joshi, marking a pivotal moment in the brand’s retail expansion journey.

Known as Maharashtra’s most cherished family jeweller, PNG Jewellers has been rapidly expanding its footprint. In 2024, the brand launched nine stores across nine consecutive days during Navratri, setting an impressive record. This was followed by a star-studded store inauguration in Solapur on January 10, 2025, featuring Bollywood icon Madhuri Dixit. The latest addition in Satara further underscores PNG Jewellers’ strategic focus on catering to the evolving preferences of consumers in tier 2 and tier 3 cities, which are emerging as key markets for luxury goods and jewellery.

Celebrating 193 years of heritage, PNG Jewellers has built a strong reputation for quality and trust, serving over 3 million loyal customers globally. The brand is a household name in Maharashtra and enjoys popularity among Indian communities in the USA as well.

Reflecting on this achievement, Chairman and Managing Director Dr. Saurabh Gadgil expressed his gratitude, saying, “It brings us immense pleasure to reach the 50-store threshold with this launch. This is an incredible milestone in our long journey and also a stepping stone for all future endeavours. All of us at PNG Jewellers are humbled by the love and patronship of our customers. We are determined to scale new heights and set new benchmarks as we continue on our path of upholding trust of our customers and bringing to them the best in class products.”

Under the visionary leadership of Dr. Saurabh Gadgil, PNG Jewellers has become synonymous with excellence in craftsmanship and customer service. With its rich legacy and strategic expansion plans, the brand is poised to further strengthen its position in the global jewellery market while continuing to win the hearts of jewellery enthusiasts worldwide.

Founded in 2019 as a digitally native brand powered by Instagram, Mermade Hair quickly gained a strong online following, amassing over 450,000 Instagram followers and 90,000 TikTok followers.

“I am so excited to bring our Australian hair brand to India.I believe that every person here deserves personal, high-quality hair care that will reflect their beauty, and I’m excited to be part of the journey to healthier, more confident hair,” said

Since its launch in 2023, Tira has been instrumental in introducing renowned global beauty and wellness brands to the Indian market.

The initiative is supported by a $15 million (approximately Rs 130 crore) grant from TCCF.

“By adopting and disseminating best practices across the region, the programme aims to inspire policy changes and community-level actions to reduce and help to eliminate disposable plastic and improve the livelihoods of waste workers,” the statement read.

Launched in India on Thursday, the initiative aims to enhance waste management systems and recycling infrastructure in the region.

remarked, “Across Asia, countries are combating the problem by embracing the circular economy. Through our Zero Waste and Plastics initiatives, we are helping them craft policies, attract investments, and reduce the consumption of single-use plastics.”

This program reflects a collaborative effort to inspire meaningful change at both the policy and community levels across the region.

Hazoorilal Legacy, one of the leading names in the fine jewelry segment, has launched its first international flagship showroom in Dubai, marking a monumental step in its 73-year journey.

Established in 1952, Hazoorilal Legacy is celebrated as one of India’s leading purveyors of fine bridal luxury jewelry. Over the decades, the Delhi-based brand has become synonymous with artistry and innovation.

The store showcases the brand’s signature collections, including the Legacy Collection, which is known for its groundbreaking designs, the Vintage Voyage Collection, and the stackable Zoori Collection. These offerings seamlessly blend intricate Indian designs with contemporary global aesthetics.

, “Hazoorilal Legacy is a brand built on the rich tradition of artists, jewelers, and gemologists and is united by passion, education, industry, and ethics. The brand stands at the crossroads where the science of gemology meets the artistry of jewelry making. Dubai, with its reputation as a global luxury hub, offers the perfect environment for Hazoorilal Legacy to debut in the Middle Eastern market. This city is the ideal backdrop for its first international flagship store. We warmly invite you to visit and explore a world of fine jewelry.”

, “Hazoorilal Legacy is a culmination of the family’s knowledge, expertise, and passion for the art of jewelry making, passed down through three generations and honed over 7 decades. We are honored to bring this legacy to Dubai, a city renowned for its luxury and sophistication. While we have always felt the warmth of our Middle Eastern clientele through exhibitions and events, the opening of our permanent boutique now offers direct access to our exclusive jewelry collection.”

The Dubai boutique is set to redefine fine jewelry shopping, combining Indian tradition with international elegance.

Godrej Consumer Products Limited (GCPL) announced its advertising expenditures for the third quarter of FY24, amounting to Rs. 364.4 crore. This reflects a 6 percent year-on-year (YoY) increase from the Rs. 343.3 crore spent during the same period last year. This sustained investment highlights GCPL's continued focus on strengthening its brand presence and engaging consumers across its key categories.

The decrease was attributed to subdued performance in its Home and Personal Care segments, which form a significant part of the company’s product portfolio. In comparison, GCPL had recorded a net profit of Rs. 581 crore during the corresponding quarter of the previous fiscal year.

Among its segments, the Home Care category contributed Rs. 1,095 crore, reflecting a 4 percent YoY growth, driven by continued consumer demand in this space. Meanwhile, the Personal Care division reported revenues of Rs. 1,044 crore, indicating a 2 percent YoY increase, signaling a steady performance in the segment despite broader challenges.

These financial results underscore GCPL’s efforts to maintain growth amid a competitive market and economic headwinds.

Elysium offers members a range of exclusive benefits, including special pricing, free home delivery, personalised assistance, invitations to curated tasting events, swift checkouts, hassle-free returns, and masterclasses at The Chef’s Table.

The membership was officially launched by chef and entrepreneur Pooja Dhingra at the Nature’s Basket Artisan Pantry located at Phoenix Palladium Mall in Mumbai.

“We are thrilled to introduce the Elysium Membership to our customers. With Elysium, we aim to offer not just artisanal products but a holistic, tailored experience that reflects the evolving needs and preferences of our clientele," said

Nature’s Basket, a wholly owned subsidiary of Spencer’s Retail and part of the RP-Sanjiv Goenka Group headquartered in Kolkata, started as a single store in Mumbai in 2005. The brand has since evolved into an omni-channel retail business with over 36 stores across cities like Mumbai, Pune, Bengaluru, Delhi NCR, Ahmedabad, and Kolkata.

Nexus Select Malls, India’s largest mall operator, has achieved a significant milestone in the retail sector with its NexusONE app surpassing Rs 1000 crore in bill uploads within just over a year.  

Designed to integrate technology with retail, NexusONE offers tailored customer experiences, exclusive rewards, and actionable insights for retailers.

Nishank Joshi, Chief Marketing Officer of Nexus Select Malls said, "”  

This milestone underscores Nexus Select Malls' focus on innovation and its efforts to create a connected and engaging retail experience.

Medusa Beverages, a key player in the Indian retail alco-bev sector known for its innovative and premium beers, has raised Rs 56 crore in its Series A funding round. This funding is aimed at scaling operations and positioning Medusa as an umbrella brand, with plans to invest in strategic partnerships across the value chain.

The fresh capital will be used to bolster Medusa’s market presence and continue its growth as a leader in India’s alco-bev industry.

In just five years, Medusa has become a market leader in the crown market of Delhi, reinforcing investor confidence in its strategic direction. "" said Avneet Singh, Founder and CEO of Medusa Beverages.

The company remains committed to enhancing its market share and strengthening its leadership in the industry.

Puma, one of the renowned German sportswear brands, has reported weaker-than-expected sales for the fourth quarter and a decline in its annual profit, raising concerns about its competitiveness against larger industry rivals, Adidas and Nike. The disappointing results, released late on Wednesday, come on the heels of Adidas’ impressive performance, which showcased strong sales and profitability, further accentuating the contrast in the performance of the two brands.

However, according to analysts at JP Morgan, sales for the Speedcat have been weaker than anticipated, with demand falling short of expectations.

These developments have put additional pressure on Puma to differentiate itself and find ways to capture a larger market share.

The company's net profit for the year also declined, falling to $293 million from $317.5 million the previous year. A significant contributor to this dip in profit was an increase in interest payments on Puma's debt, which weighed heavily on the brand’s overall financial performance.

While Puma continues to focus on developing new products, it is clear that the brand will need to implement more strategic moves and innovative marketing campaigns to stay competitive in an industry that is evolving rapidly.

Jaipur Rugs, a leading player in the Indian retail and handmade rug industry, has announced the acquisition of Shyam Ahuja, a luxury rug and fabric brand known for its exceptional Indian carpets and global recognition. The brand intends to continue developing Shyam Ahuja as a separate entity, maintaining its unique identity with its own supply chain.

Founded in 1963, Shyam Ahuja built a reputation for luxury rugs with a distinct focus on dhurries, setting global milestones with his sophisticated designs and craftsmanship. His brand became synonymous with understated luxury and elegance, gaining a loyal following among A-list designers and celebrities.

Jaipur Rugs, established in 1978 by Nand Kishore Chaudhary, has become India's largest manufacturer of handmade carpets. Its global presence includes showrooms in major cities such as Milan, London, Singapore, Dubai, and New York.

“” said Yogesh Chaudhary, Director, Jaipur Rugs.

Greg Foster, Artistic Director at Jaipur Rugs said, “”

Shyam Ahuja's legacy is one of high-end luxury, with his designs being widely regarded for their use of subtle colors and exceptional craftsmanship. His influence in the 1980s and 1990s marked a period of growth for luxury Indian brands internationally.

Jaipur Rugs has announced plans to revive Shyam Ahuja's brand and intends to continue its legacy of producing luxury rugs that resonate with global customers. The company has grown significantly since its inception and remains committed to preserving India’s artisanal heritage while expanding its international footprint. Further developments and plans for the brand will be announced in due course, with business continuing as usual through showrooms in Mumbai, Delhi, and New York.

W for Woman, a prominent brand under Aditya Birla Fashion and Retail Ltd. (ABFRL), will make its debut at New York Fashion Week (NYFW) 2025, becoming the only Indian wear brand of this scale to launch its Spring Summer 2025 collection at the prestigious event.

The show promises a vibrant celebration of India's fashion heritage, infused with contemporary aesthetics and silhouettes.

Anant Daga, Chief Executive Officer of the TCNS Division at Aditya Birla Fashion and Retail shared, “”

The Spring Summer 2025 collection has been curated to appeal to a diverse audience, celebrating the many facets of Indian fashion. It combines traditional craftsmanship, experimental fusion wear, and luxurious Indian wedding attire, catering to a variety of styles and occasions.

It reinforces the global appeal of India’s fashion industry by bridging the gap between tradition and modernity. Through this debut, the brand aims to redefine ethnic wear and position itself as a leader in contemporary Indian fashion on the international stage.

Adani Wilmar Limited, one of India’s largest FMCG food companies, has officially launched operations at its integrated food processing plant in Gohana, District Sonepat, Haryana.

The plant is expected to become an economic driver for the region, with projections to generate 2,000 jobs, both direct and indirect, contributing to the local economy.

Adani Wilmar’s largest greenfield project is an integrated food complex that is steadily progressing. To date, more than 10,000 metric tonnes of steel, 7,500 metric tonnes of Tor steel, and 100,000 bags of cement have been used, marking significant progress.

Angshu Mallick, MD and CEO of Adani Wilmar Limited said, “”

The facility, covering 85 acres, is designed by Larsen and Toubro Technology Services (L&T) and is equipped with advanced technology to produce a wide range of food products.

Pawan Kumar Jaitly, Global Delivery Head-FMCG, Plant Engineering at Larsen and Toubro Technology Services stated, “”

The plant features several specialized processing units, including a state-of-the-art rice processing unit by Satake Corporation and a 350 TPD wheat processing unit designed by Bühler Group. These units ensure high quality and efficiency in rice and wheat flour production.

The installation of rooftop solar panels with a 5.6 MW capacity is underway, along with a zero-liquid discharge system to ensure no water discharge into the local area. The facility also includes a co-generation plant capable of generating 3.2 MW of electricity, contributing to the plant's energy efficiency.

This strategic investment aligns with Adani Wilmar’s vision to strengthen India’s food processing sector while contributing to the economic development of the region.

Heritage Foods posted a consolidated net profit of Rs 43.05 crore in Q3 FY25, a 60.03 percent increase compared to Rs 26.91 crore in Q3 FY24. The performance highlights Heritage Foods’ strong position in the retail and dairy sectors in India.  

EBITDA increased 43 percent YoY to Rs 74.10 crore, with the EBITDA margin improving by 164 basis points to 7.2 percent.  

In terms of segmental performance, the dairy division generated Rs 1,019.5 crore in revenue, up 10.52 percent YoY. Feed revenue grew by 14.61 percent YoY to Rs 50.89 crore, while renewable energy revenue dropped 14.56 percent YoY to Rs 1.29 crore.  

During the quarter, the average milk procurement price fell 2.7 percent YoY to Rs 41.91 per litre but increased by Rs 1.66 compared to Q2. Milk procurement volumes grew by 12.62 percent YoY, reaching 1.84 million litres per day (MLPD).  

Heritage Foods’ value-added products (VAP) segment reported significant growth, with revenues rising 17.6 percent YoY to Rs 287.40 crore. The segment's contribution to total revenue increased to 28.2 percent, compared to 26.5 percent in Q3 FY24.  

Brahmani Nara, Executive Director of Heritage Foods said, “”  

Heritage Foods continues to focus on strengthening its supply chain, expanding its geographical reach, and increasing its focus on value-added products.

With operations across Andhra Pradesh, Telangana, Karnataka, Kerala, Tamil Nadu, Maharashtra, Odisha, NCR Delhi, Haryana, Rajasthan, Uttarakhand, and Uttar Pradesh, Heritage Foods remains one of the largest private-sector dairy enterprises in southern India.

Nasdaq-listed online travel platform MakeMyTrip (MMT) posted an 11.8 percent rise in profit for the third quarter (Q3) of the financial year 2024-25 (FY25), reaching $27.1 million compared to $24.2 million in the same period last year.

According to the company, ""  

The hotels and packages segment led the revenue growth, generating $121.9 million in Q3 FY25, a year-on-year increase of 24.9 percent.

"" said Group Chief Executive Officer Rajesh Magow.  

"" said Mohit Kabra, Group Chief Financial Officer.  

MakeMyTrip's performance in Q3 FY25 highlights the increasing demand for travel within and outside India, positioning the company to benefit from the ongoing growth in the travel and tourism industry.

Raymond Lifestyle Ltd has entered the innerwear segment in India’s retail sector with the launch of its new Park Avenue Innerwear category. This marks a notable diversification in the company’s portfolio, reflecting its ongoing growth strategy.  

The event featured a carnival-themed celebration with activities like magic shows and dance performances to mark the occasion. While the atmosphere was celebratory, the company emphasized its focus on bringing innovation and quality to the innerwear category.  

“” the company stated.  

Raymond’s entry into the innerwear segment signals its intent to further strengthen its position in India’s retail market through portfolio diversification and an expanded product range.  

New Delhi-based beer manufacturer Medusa Beverages has raised Rs 56 crore in a Series A funding round to strengthen its manufacturing and distribution capabilities in retail across India.  

Additionally, part of the investment will go toward strategic initiatives across the value chain, including diversifying its portfolio within the alco-bev industry through flavored beer extensions and adjacent segments.  

Founded in 2017, Medusa Beverages operates in Delhi, Punjab, Uttar Pradesh, Chhattisgarh, and Himachal Pradesh. It plans to enhance its retail presence in these regions while deepening its footprint across North and Central India, including markets like Assam, Andhra Pradesh, and Haryana, by the end of this fiscal year.  

Jos Alukkas, a prominent name in India's retail jewellery market, has recorded a 28 percent growth in diamond jewellery sales, driven by its commitment to quality and efforts to promote natural diamonds in partnership with the Natural Diamond Council (NDC).

Varghese Alukkas, Managing Director of Jos Alukkas Group said, “”  

The company has observed significant demand in categories like engagement rings, wedding bands, and diamond necklaces, with rising disposable incomes and a growing focus on personal style contributing to the trend. Richa Singh, Managing Director of NDC for India and the Middle East, stated, “”  

Jos Alukkas also highlighted projections for the Indian diamond market, which is expected to grow by 150 percent to $18 billion over the next decade. John Alukkas, Managing Director of Jos Alukkas Group, emphasized, “”  

Paul J Alukkas, Managing Director of Jos Alukkas added, “”  

Global cosmetics brand SheGlam, owned by the e-commerce company Shein, has entered the Indian market through a partnership with Reliance Retail's beauty platform, Tira.

Tira now operates over 13 stores across India and offers more than 150 Indian and international beauty brands.  

Reliance Retail Ltd. (RRL), a subsidiary of Reliance Retail Ventures Ltd. (RRVL), manages an extensive omni-channel retail network in India with over 18,771 stores spanning grocery, consumer electronics, fashion, lifestyle, and pharma.

As 2024 ends, Kumar Mangalam Birla, Chairman of the Aditya Birla Group, reflects on 25 transformative years that have reshaped global industries and markets. The turn of 2025 signals the emergence of what he terms a “U3 world”—uncertain, unpredictable, and unorthodox.  

Birla highlights the ongoing global push for resilient supply chains, where India has emerged as a key player. He notes, “” India’s automobile and cement industries, often underappreciated, have also shown global strength.  

The Group’s flagship UltraTech Cement achieved a production capacity milestone of 150 MTPA in 2024, producing more than 1.5 times the total cement output of the United States. “” Birla stated.  

For the Aditya Birla Group, 2024 marked significant achievements across its diverse portfolio. Core businesses in cement and metals were further strengthened, and the telecom joint venture was revitalized. Transformations were also accelerated in financial services and fashion retail, making the year a period of remarkable milestones.  

Birla asserted, “”  

The legacy of BITS Pilani, celebrating its 60th anniversary in 2024, also underscores the Group’s commitment to nurturing talent.

Birla added, “” The Aditya Birla Scholarships program, launched in memory of his father, has similarly fostered 781 globally accomplished scholars.  

Reflecting on technological advancements, Birla notes the paradox of the digital age, where connectivity has also led to fragmentation. However, he remains optimistic about the future, anticipating a shift toward innovation that fosters unity and authenticity. “” he predicts.  

As India continues to grow as a global industrial and retail powerhouse, the Aditya Birla Group’s milestones in 2024 highlight its role in shaping the future of business and innovation while navigating a world of challenges and opportunities. 

DigiHaat, the innovative buyer app developed by Nirmit Bharat, a fully owned subsidiary of ONDC Network, has announced the appointment of Rahul Vij as its new Chief Operating Officer (COO).

“We warmly welcome Vij in the company and are enthused to see him in his element. Owing to his previous experience, he will play an integral role at DigiHaat in promoting a convenient and more accessible user experience for consumers,”

Vij is a seasoned professional with over a decade of experience in organizational growth, strategy, and efficiency. His track record of driving business growth in competitive sectors makes him an ideal fit for DigiHaat’s ambitious goals in the rapidly evolving digital commerce landscape.

“DigiHaat is making significant strides in the digital commerce segment, and I am honored to be a part of this revolution. With my debut in the company, I look forward to contributing to its growth and building an ecosystem of resilience and efficiency to deliver value to the customers as well as the stakeholders,”

DigiHaat, an initiative of Nirmit Bharat, is an e-commerce platform hosted on the ONDC Network that aims to empower small sellers, artisans, and underserved communities by providing transparent listings, fair pricing, and data privacy.

Under Vij’s leadership, the platform aims to refine its user experience and further, its mission of providing small sellers and underserved groups with an equal opportunity in the digital marketplace, ensuring that they can connect with a broader customer base across the country.

Zippo.in, the official online destination for Zippo windproof lighters and accessories in India, has launched a redesigned website to improve the retail shopping experience for Indian consumers. The updated platform focuses on delivering a streamlined, user-friendly online experience while showcasing Zippo's iconic product range.

The new Zippo.in features a modern and clean aesthetic, offering improved navigation and enhanced functionality. The platform also displays detailed product descriptions, transparent pricing, and a full range of Zippo accessories such as lighter inserts, fuel, and cases.

In addition to product browsing, Zippo.in offers valuable resources for consumers, including comprehensive customer service support. The website also integrates social media links, allowing customers to connect with the Zippo community and access flash deals.

Key improvements on the revamped Zippo.in website include:

These collaborations aim to enhance the customer experience by offering exclusive designs for Zippo products.

Brent Tyler, Associate Vice President of Marketing at Zippo said, “”

The Reserve Bank of India (RBI) economists have highlighted a positive shift in economic activity indicators during the second half of 2024-25 (H2FY25), suggesting that India’s economy is set for a rebound, fueled by renewed strength in domestic demand, particularly in the retail sector.

In a recent report, the economists emphasized that rural demand is picking up, signaling resilient consumption driven by favorable agricultural conditions.

However, the economists caution that the manufacturing sector may face challenges due to rising input costs, weather-related issues, and global economic uncertainties. "" the report states, coinciding with the anticipation of the Union Budget presentation by Finance Minister Nirmala Sitharaman.

Encouraging competition in these sectors is seen as crucial for sustaining momentum. To further stimulate the economy, boosting consumption may be an effective strategy, the economists suggest.

Rural demand is also expected to maintain strong volume growth, according to the report.

Headline inflation showed signs of easing for the second consecutive month in December. However, food inflation remains a concern, warranting vigilance regarding its secondary effects.

Spencer’s Retail, the retail division of the RP Sanjiv Goenka Group, has announced its entry into India’s quick commerce market with the launch of its new service, Jiffy. Initially, Jiffy will roll out in Kolkata, with plans to expand across West Bengal and Uttar Pradesh (UP).

Jiffy marks the reintroduction of the Spencer’s app under a new brand, offering merchandise delivery within 30 minutes. Shashwat Goenka, Chairman of Spencer’s Retail said, “” Unlike other players in the sector, Spencer’s Retail will not invest in dedicated dark stores but will rely on a third-party fleet operator to manage delivery logistics.  

India’s quick commerce market has witnessed significant growth, attracting both established and emerging players. Blinkit, Zepto, and Instamart currently dominate the segment, while newer entrants like Flipkart, BigBasket, and Amazon are expanding their presence. Additionally, Walmart-backed PhonePe recently announced its foray into the space with its quick commerce platform, Pincode.  

Aditya Birla Group’s jewellery brand, Indriya, has launched its first bridal collection, featuring designs in gold, diamonds, and polki. The store’s launch aligns with Indriya’s strategy to expand its footprint in India’s retail jewellery market.

The bridal collection includes a variety of pieces such as bangles, naths, mathapattis, haathphool, and rings, appealing to diverse preferences from minimalistic to regal. Indriya’s flagship store spans over 10,000 square feet and features a kaarigari station along with two dedicated bridal lounges. These spaces offer personalized stylist consultations, enhancing the shopping experience for brides-to-be.

“” said Sandeep Kohli, CEO, Indriya.

Shantiswarup Panda, CMO, Indriya, added, “”

Abhishek Rastogi, Head of Product Design, Research and Development, Indriya said, “” 

Indriya’s flagship store aims to offer a tailored shopping experience with exclusive designs and stylist advice.

Reliance Retail has announced its entry into India’s luxury retail segment by securing a franchise agreement with American luxury department store Saks Fifth Avenue.

Saks Fifth Avenue, founded in 1924, is recognized for its curated luxury fashion offerings and personalized customer service. The brand operates 41 stores across North America. "" said Reliance Retail CFO Dinesh Taluja during the company’s earnings call.

This collaboration strengthens Reliance’s position in the market for products catering to parents and young children.

Previously, Reliance Retail brought Tiffany and Co., a renowned American jeweller, to the Indian market.

Beyond the luxury segment, Reliance Retail is advancing its presence in India’s fast-moving consumer goods (FMCG) sector. Its consumer brands business crossed Rs 8,000 crore in revenue during the first nine months of FY25. Brands such as Campa and Independence have shown significant market growth, with Campa capturing over 10 percent market share in the sparkling beverage category in select states.

These strategic partnerships and expansions reflect Reliance Retail’s commitment to scaling its operations in India’s retail and luxury markets.

JSW MG Motor India has launched two new electric vehicles, the MG Cyberster and the MG M9, under its luxury brand channel MG Select at the Bharat Mobility Global Expo 2025.

The MG M9 is designed for ultimate comfort and luxury, featuring spacious interiors, superior craftsmanship, and an extended range to meet the needs of discerning buyers.

“JSW MG Motor India is redefining the very concept of accessible luxury in the country by unveiling two luxurious pure EVs that combine legacy and modernity. Having brought the much-needed disruption in the EV market with Windsor EV, we are now set to give a new meaning to the modern roadster standard with MG Cyberster, with its iconic design and value-added features. Along with MG Cyberster, the introduction of the MG M9 presidential limousine is our attempt to provide ultimate comfort and luxury on wheels. With these unveils, we are offering a unique blend of style and features for the discerning buyers, reflecting on our firm commitment to bring world-class luxury and technologically-advanced, sustainable mobility solutions in India.”

, “At JSW MG Motor India, innovation is a core pillar of our brand. We are committed to consistently disrupt the market for our customers, particularly with a sharp focus on NEVs. Our entry into the accessible luxury segment through MG Select is another testament to our persistent efforts to bring the best offering to our consumers. It is this commitment that sets us apart. The MG Cyberster and M9 will further enhance our growth story in India and enable us to establish the accessible luxury space in India. We remain optimistic about our vision for mobility in India, which will certainly resonate with Indian car buyers.”

This milestone highlights the growing demand for MG’s EVs and reflects India’s increasing shift towards electric mobility.

These showrooms will blend cutting-edge design with environmentally conscious technology, reinforcing the brand’s commitment to accessible luxury.

This move marks a significant step in the company’s strategy to strengthen its presence in the high-end retail space.

“So to address the super luxury segment in India, we entered into a franchise for India with Saks Fifth Avenue, which is a global luxury retailer,” said Dinesh Taluja, CFO, Reliance Retail.

Reliance Retail’s Premium Brands business has been actively expanding its portfolio.

In the past, Reliance brought Tiffany & Co., the iconic American jeweler, to India.

In addition to its focus on luxury, Reliance Retail is scaling up its presence in the fast-moving consumer goods (FMCG) sector.

Both brands are projected to cross Rs 1,000 crore in turnover each by FY25.

Coca-Cola India, along with its foundation Anandana, has partnered with the PHD Rural Development Foundation (PHDRDF) and Prayagraj Mela Authority (PMA) to implement sustainability initiatives at the Maha Kumbh 2025.   

As part of the Maidaan Saaf campaign, Coca-Cola India has produced and distributed 21,500 recycled PET jackets to sanitation workers, boatmen, and waste management volunteers. These jackets provide safety and help identify workers, while also promoting the reuse of recycled plastic.  

Additionally, Coca-Cola India has installed 1,000 women’s changing rooms made entirely from recycled multi-layered plastic waste along a 12 km stretch of the river ghats. These changing rooms are designed to provide privacy and proper ventilation for women visitors. The structures feature artwork by Indian illustrators, including the Aravani Art Project, Gaysi Family, and Priyankar Gupta, making waste segregation and recycling more engaging for visitors.  

Vivek Vyas, CEO of PHDRDF, said, “"

Devyani Rana, Vice President of Coca-Cola India, added, ""

To further strengthen its sustainability efforts, Coca-Cola India has deployed Reverse Vending Machines (RVMs) at railway stations, food courts, and other key locations in Prayagraj for collecting and recycling PET waste.   

Through these initiatives, Coca-Cola India, PHDRDF, and PMA are positioning Maha Kumbh 2025 as an example of how sustainable practices can be integrated into large-scale events to drive environmental impact.

Reliance Retail has announced its entry into India’s luxury retail segment by securing a franchise agreement with American luxury department store Saks Fifth Avenue.

Saks Fifth Avenue, founded in 1924, is recognized for its curated luxury fashion offerings and personalized customer service. The brand operates 41 stores across North America. "" said Reliance Retail CFO Dinesh Taluja during the company’s earnings call.

In addition to the Saks Fifth Avenue partnership, Reliance Retail’s Premium Brands division has formed a joint venture with Mothercare PLC, acquiring the Mothercare brand and its intellectual property for the Indian subcontinent. This collaboration strengthens Reliance’s position in the market for products catering to parents and young children.

Previously, Reliance Retail brought Tiffany and Co a renowned American jeweller, to the Indian market.

Beyond the luxury segment, Reliance Retail is advancing its presence in India’s fast-moving consumer goods (FMCG) sector. Its consumer brands business crossed Rs 8,000 crore in revenue during the first nine months of FY25.

Reliance Retail projects both Campa and Independence brands to surpass Rs 1,000 crore in turnover each in FY25.

These strategic partnerships and expansions reflect Reliance Retail’s commitment to scaling its operations in India’s retail and luxury markets.

Spencer’s Retail Ltd reported a consolidated net loss of Rs 47.34 crore for the December quarter, showing an improvement from a net loss of Rs 51.20 crore in the same period last year, according to a regulatory filing.

Revenue from operations dropped 20.9 percent to Rs 516.97 crore, down from Rs 654.01 crore in the corresponding quarter of the previous year.

Despite subdued festive sales, Chairman Shashwat Goenka highlighted the company’s operational efficiency. “” he stated.

Goenka emphasized the company’s strategic focus on core markets and operational improvements. “” he added.

During the quarter, Spencer’s expanded its quick delivery service JIFFY and launched two new stores under its Nature’s Basket brand. The combined store count, including Nature’s Basket, stands at 131 across more than 27 cities in India, covering 10.34 lakh square feet.

Consumer electrical goods manufacturer Havells India Ltd reported a 3.45 percent decline in consolidated net profit to Rs 277.96 crore for the third quarter ending December 2024, according to a regulatory filing. This update reflects the company's current financial performance within India's retail sector.

In the same quarter of the previous fiscal year, Havells India posted a consolidated net profit of Rs 287.91 crore.

Anil Rai Gupta, Chairman and MD stated, ""

The company’s board declared an interim dividend of 400 percent, amounting to Rs 4 per equity share of Re 1 each, during a meeting.

Kenvue, the world's largest pure-play consumer health company by revenue and the maker of ORSL electrolyte drinks, has introduced WHO ORS in a Ready-to-Drink (RTD) format for patients experiencing diarrhea-induced dehydration.

ORSL, recognized as India’s leading RTD electrolyte drink brand, has been pioneering the ready-to-drink electrolyte segment for over two decades. The brand has focused on advancing hydration science through fluid, electrolyte, and energy (FE&E) formulations to support recovery in non-diarrheal conditions. Building on this foundation, Kenvue's new WHO-approved ORS formula targets effective rehydration for diarrhea-related dehydration.

According to the World Health Organization (WHO), diarrhea is a significant global health concern, with approximately 1.7 billion childhood cases annually. Data from the National Family Health Survey-5 (2019-21) indicates that ORS usage among children under five stands at 60.6 percent.

This convenient format ensures ease of consumption and effective rehydration, potentially preventing up to 93 percent of diarrhea-related deaths. Research also suggests that reduced osmolarity ORS solutions can lower the need for unscheduled intravenous therapy by 33 percent

A Kenvue study published in the Journal of Applied Pharmaceutical Sciences highlighted significant preparation errors in powdered ORS solutions among Indian consumers. Variations in water measurements and taste preferences compromised efficacy, posing risks during diarrheal dehydration. Similarly, a study in rural Vasind, India, revealed that while many mothers knew ORS should be mixed with one liter of water, only 32 percent prepared it correctly.

The newly launched WHO ORS features Hydra-Activ Technology, ensuring 100 percent compliance with WHO osmolarity standards. Available in Apple and Orange flavors, the product aims to mitigate water contamination and preparation errors linked with traditional powdered ORS.

Manish Anandani, Managing Director, India, Kenvue, stated, ""

Prashant Shinde, Business Unit Head – Self Care, Kenvue added, ""

Dr. C Suresh Kumar, Consultant Pediatrician at RVM Institute of Medical Sciences, Hyderabad commented, ""

Kenvue unveiled the WHO ORS at Pedicon 2025, the 62nd National Conference of the Indian Academy of Paediatrics.

Reliance Retail Ventures Ltd. (RRVL), the retail division of Reliance Industries led by Mukesh Ambani, recorded an 8.75 percent rise in gross revenue to Rs 90,333 crore for the December quarter, driven by increased festive demand.

Operational revenue increased 7 percent year-on-year to Rs 79,595 crore from Rs 74,373 crore. The retailer's pre-tax profit (EBITDA) rose 9.45 percent to Rs 6,828 crore.

Reliance Retail added 779 new stores during the quarter, bringing the total to 19,102 stores covering 77.4 million sq ft. Store footfall increased 5 percent to over 29.6 crore, while the registered customer base expanded to 33.8 crore. Total transactions rose nearly 11 percent to 35.5 crore from 32 crore a year earlier.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries stated, ""

The consumer electronics segment saw a 12 percent year-on-year increase in sales, supported by new product launches and seasonal demand.

In fashion and lifestyle, the apparel and footwear division rebounded with trendy designs and improved store experiences. New formats such as Yousta, Azorte, and GAP achieved significant consumer engagement, reaching record sales during the quarter.

AJIO, Reliance Retail's digital fashion platform, recorded steady performance with a 7 percent rise in average bill value and added over 19 lakh new customers. The product catalogue grew 33 percent year-on-year to 2.2 million items, expanding by more than half a million new products.

The grocery B2C segment continued its growth momentum with a 37 percent increase. The Metro Cash and Carry business, acquired from a German retailer, reported its highest-ever festive sales.

Both brands are projected to surpass Rs 1,000 crore in turnover in FY25.

Isha M Ambani, Executive Director of Reliance Retail Ventures said, "" 

Shoppers Stop Ltd a leading department store chain in India’s retail sector, reported a 37 percent increase in consolidated net profit at Rs 49 crore for the third quarter ending 31 December 2024. According to the company's press release, this marks a significant rise from the Rs 35 crore profit recorded during the same period in the previous year

Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at Rs 262 crore, reflecting growth from Rs 219 crore in the third quarter of FY24.  

Kavindra Mishra, Managing Director and CEO of Shoppers Stop said, “”  

Private brands contributed Rs 186 crore in sales, accounting for 12 percent of overall sales and 18 percent within the apparel segment, highlighting the company’s strategic emphasis on profitability through in-house labels.  

The beauty segment achieved Rs 268 crore in sales, reflecting 3 percent year-on-year growth, supported by a 14 percent rise in the fragrance category.

The company invested Rs 53 crore in capital expenditure for these expansions. In Q4 FY25, Shoppers Stop plans to open 26 new INTUNE stores and six additional department stores to strengthen its market presence.  

Founded in 1991, Shoppers Stop currently operates 109 department stores, 11 premium home concept stores, 85 specialty beauty stores featuring brands like M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, ARMANI, and SS Beauty, along with 59 INTUNE stores and 20 airport outlets.

Goyal Salt Limited, a leading FMCG brand in India specializing in salt products, is strengthening its retail presence across Tier I to VI cities. The company is focusing on digital marketing to enhance brand positioning in these markets.  

The brand also grows in western and eastern regions, including Maharashtra, Gujarat, Assam, and Odisha.  

As part of its marketing strategy, Karisma Kapoor features in campaigns promoting the entire product range, including the newly launched Goyal Black Salt. The company offers a diverse product portfolio of premium industrial and edible salts, such as Triple Refined Free Flow Iodized Salt, Industrial Salt, Double Fortified Salt, and Triple Refined Half Dry Salt.  

Pramesh Goyal, Managing Director of Goyal Salt stated, “”  

To support its digital initiatives, Goyal Salt has partnered with Oberoi IBC as its digital marketing agency.  

Pramesh Goyal further added, “”  

In addition to marketing, Goyal Salt is scaling up its production capacity and expanding its product distribution network. Goyal Salt products are available in 5,000 retail outlets, with the goal of reaching every household in India within the next five years.  

Goyal Salt’s strategic focus on retail expansion and digital engagement positions the brand for continued growth in India’s FMCG market.

Quick commerce platform Zepto has achieved a remarkable milestone, reaching $3 billion in annualized gross order value (GOV).

This extraordinary growth highlights the company’s ability to scale efficiently in a competitive market.

“In April 2024, we shared with Goldman Sachs in a research note that Zepto had crossed $1B in Annualized GOV. 8 months later, in January 2025, we are now at approximately $3B in Annualized GOV (Rs ~24,500 Crores). This milestone is entirely due to the execution, rigor, and discipline of this team (that I am lucky to be a part of). With this team, I am confident we will continue growing with a clear path to PAT profitability in the near term,”

Within just two years, Zepto has achieved over fivefold growth, showcasing its appeal to customers seeking convenience and fast delivery solutions.

The company’s ability to scale operations, optimize delivery processes, and attract a growing customer base has positioned it as a leader in the industry.

With a focus on profitability and sustained growth, Zepto is well-poised for a successful public listing and an even brighter future in the quick commerce space.

Curefoods, the food and beverage conglomerate, has announced the promotion of Gokul Kandhi to the role of Chief Operating Officer (COO). Under his leadership, Curefoods has expanded its footprint, operating more than 500 cloud kitchens and offline stores across 40 cities and offering a range of over 10 different cuisines.

“It’s an honor to take on the role of COO at Curefoods and lead the next phase of growth for a company that has been a pioneer in India’s F&B landscape. I look forward to working with our incredible team to expand our reach, strengthen our brands, and deliver exceptional experiences to our customers,”

“Gokul has been a cornerstone of Curefoods’ success. His strategic vision and leadership have been instrumental in shaping our journey so far. As COO, I am confident that Gokul will continue to drive operational excellence and propel Curefoods to even greater heights,”

With over 500 cloud kitchens and offline stores in 40 cities across India, the company offers a wide array of cuisines to cater to the diverse palates of Indian consumers.

KRBL Ltd the global food industry leader and parent company of the India Gate Basmati Rice brand, has appointed Subhash Chandra Yadav as Deputy General Manager for Modern Trade in its Domestic Sales Division.

In his new role, Yadav will lead the expansion of KRBL’s modern trade channels, aligning the company’s strategies with shifting consumer demands and evolving market trends. Bringing over 15 years of experience, Yadav has previously worked with major brands such as Nestlé, Reckitt Benckiser, and NIVEA India.

Yadav holds a Bachelor's degree in Business Administration from I.I.S.E Lucknow and a Post Graduate Diploma in Business Management from IMS Ghaziabad.  

Kunal Sharma, Head of Marketing and Business Head, Modern Trade and E-Commerce at KRBL Ltd stated, “”  

Under Yadav’s leadership, the modern trade division is expected to drive the company’s expansion and product reach in domestic markets.

Pokiddo, a global entertainment brand known for its trampoline parks and family entertainment centres, has expanded its retail presence in India with the launch of Pokiddo Junior at Raghuvanshi Mills, Mumbai.  

Now part of the Snow World Entertainment and Prasuk Jain Hospitality Ventures portfolio, Pokiddo Junior joins brands such as The Game Palacio, Snow World, Amazonia, The Game Superpark, Formula Karting, and The Game Ranch.  

Pokiddo Junior offers a variety of play zones, including a trampoline park, kiddie-karting track, and immersive ball pits. Additional attractions include a motorboat racing area, a fishing pond, and themed zones like the Princess Room, Supermarket Room, and Farmland, all designed to encourage creativity and social interaction. A dedicated party room is also available for hosting birthday celebrations and special events.  

Prasuk Jain said, “”  

The Mumbai location features safety measures such as cushioned materials and low-height setups, along with interactive LED lighting and sensory elements.

Pokiddo Junior plans to open three more locations in India over the next year, strengthening its position in the country’s family entertainment retail market.

Aditya Birla Fashion and Retail Limited (ABFRL) has announced plans to raise $500 million through a mix of preferential issuance and Qualified Institutional Placement (QIP) of equity shares.

The promoter group’s investment comes at a 17.5 percent premium over the previous day's closing price, reflecting strong confidence in ABFRL’s future growth.  

Fidelity Investments will participate in the preferential allotment through its funds, including Fidelity Blue Chip Growth Fund, Fidelity Blue Chip Growth Commingled Pool, Fidelity Blue Chip Growth K6 Fund, Fidelity Series Blue Chip Growth Fund, and FIAM Target Date Blue Chip Growth Commingled Pool.  

Additionally, ABFRL’s board approved raising up to $225 million through QIP, bringing the total fundraising to $500 million.

A shareholder meeting to approve the preferential issuance is scheduled for February 13, 2025, with the pricing reference date set for January 14, 2025. Both the preferential issuance and QIP will proceed following customary and regulatory approvals.

GUESS? Inc., the parent company of the GUESS brand, is set to introduce its California-based denim lifestyle label, GUESS JEANS, to the Indian retail market. The launch will occur through a strategic long-term franchise partnership with Tata Group’s multi-category e-commerce platform, Tata CLiQ (Tata UniStore Limited).

This strategy supports GUESS JEANS’ goal of building a strong nationwide retail network.  

Nicolai Marciano, Chief New Business Development Officer at Guess Inc., who conceptualized and launched GUESS JEANS said, “”  

Gopal Asthana, CEO of Tata CLiQ said, “”  

GUESS JEANS, known for its denim styles rooted in the Californian lifestyle, offers a variety of products for men and women, ranging from classic straight-leg jeans to modern skinny fits. The brand focuses on timeless wardrobe staples, including outerwear, knitwear, and denim, blending traditional designs with contemporary elements.  

A key feature of GUESS JEANS' product innovation is its GUESS AIRWASHTM technology. This advancement aligns with the brand's commitment to environmentally conscious production methods.  

The partnership with Tata CLiQ marks a significant step for GUESS? Inc. as it aims to capture a larger share of India’s growing retail market. By combining GUESS JEANS’ global brand strength with Tata CLiQ’s local market expertise, the collaboration is positioned to drive substantial growth and offer Indian consumers greater access to premium denim fashion.

Stovekraft has introduced a franchise opportunity with its flagship brand, Pigeon. These models are designed to maximize profitability while reducing the capital investment required.  

The franchise options allow business owners to achieve a payback period of less than two years. The COFO model requires no or minimal upfront investment for store interiors, furniture, or branding, with inventory supplied on a consignment basis. Stovekraft also assists franchisees with property selection, staff training, and marketing support, including digital campaigns. The model particularly focuses on supporting women entrepreneurs to promote financial independence.  

Rajendra Gandhi, Managing Director of Stovekraft stated, “”

The franchise model is designed for quick breakeven and long-term profitability, offering entrepreneurs a structured pathway to enter the retail sector. Mayank Gupta, Chief Growth Officer of Stovekraft, commented, “”

Since launching its first store in June 2022, Pigeon has rapidly expanded, reaching 100 stores within 14 months. The brand currently operates 227 stores across India. Pigeon plans to continue its retail expansion into new cities through its franchise models, enabling more individuals to become successful business owners.

Crossbeats, renowned for its smartwatches and wireless audio products, has made its debut in the home entertainment category with the launch of LumeX, a cutting-edge projector designed to transform the way we enjoy movies, gaming, and presentations.

Whether you're watching your favorite series or enjoying a high-intensity gaming session, LumeX brings your content to life with precision and color accuracy.

, “We are ecstatic to introduce LumeX as our first offering in the projector segment. This launch isn’t just about entering a new category; it’s about transforming the way people perceive projectors. With LumeX, we’ve combined innovation with practicality to create a device that complements every lifestyle while disrupting the market with its capabilities.”

The projector also boasts smart keystone correction and electronic autofocus, making setup quick and easy, and ensuring distortion-free visuals from every angle.

It also features a 10W built-in speaker, delivering impressive sound without the need for external audio equipment, making it perfect for movie nights, gaming sessions, or professional presentations.

Its portable design, complete with a built-in stand, allows it to seamlessly adapt to any environment—whether at home, in the office, or outdoors.

Priced at an introductory Rs. 9,999, LumeX is available for purchase on Crossbeats’ website, Flipkart, and Amazon across India. With its innovative features and sleek design, LumeX is set to elevate the way we experience entertainment, making it the perfect addition to any modern lifestyle.

NARS Cosmetics, a global beauty brand founded by makeup artist and photographer François Nars, is expanding its retail presence in India by launching on Nykaa, the country’s leading beauty and lifestyle platform. Starting January 10, 2025, NARS products will be available online and in select Nykaa stores across India.

The brand will introduce its popular products, including the Light Reflecting™ Foundation, Orgasm Blush, Natural Radiant Longwear Foundation, and Radiant Creamy Concealer, to Indian customers through Nykaa’s extensive retail network.  

Sanjay Sharma, India Country Head of Shiseido Group said, “”  

Anchit Nayar, Executive Director and CEO of Nykaa Beauty added, ""  

This partnership highlights NARS Cosmetics' strategy to expand its retail footprint in India by leveraging Nykaa’s reach in the beauty sector.

Swiggy has collaborated with Blue Tokai Coffee Roasters to strengthen its newly launched Snacc app, aiming to capture a larger share of India’s growing retail food and beverage market.

Satheesh Raman, Business Head of Snacc stated, “”  

Blue Tokai Coffee Co-Founder and COO Shivam Shahi said, “”  

DMart’s parent company, Avenue Supermarts, has announced the appointment of Anshul Asawa as its CEO designate, effective March 15, 2025. This strategic leadership change was revealed in an exchange filing by the company.

Following shareholder approval, Asawa will officially take over as the Managing Director and CEO on February 1, 2026.

His most recent designation was as the Country Head for Thailand and General Manager for Greater Asia in Unilever's home care division.

During his tenure of over 15 years in India, Asawa played a pivotal role in shaping Unilever’s operations.

“During his tenure of over 15 years in India, Anshul held key leadership positions in sales, marketing and distribution. He led the digitization efforts at HUL and was also at the forefront of leading product innovations for homecare categories and sales and distribution transformations in urban and rural markets within India. He is known for his consumer-centricity, commercial discipline, and execution focus.” 

Avenue Supermarts’ decision to bring Asawa on board reflects its commitment to strengthening its leadership and driving sustainable growth.

This transition marks a significant step in Avenue Supermarts’ growth journey, positioning the company for long-term success under Asawa’s leadership.

Avenue Supermarts Ltd, the parent company of retail giant D-Mart, announced a 4.8 percent increase in its consolidated net profit, reaching Rs. 723.54 crore for the third quarter ending December 2024.

The company noted, “PAT margin stood at 4.5 percent in Q3 FY25 as compared to 5.1 percent in Q3 FY24,” in its earnings statement.

, “The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3 percent. We continue to see the increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns.”

, “In the rapidly evolving dynamics of the grocery e-commerce market, we are seeing significantly more demand for home delivery compared to the pick-up point, and hence, we continue to align our business to that extent.”

“In several towns, we now only operate Home Delivery as a delivery channel,” he remarked.

Promoted by Radhakishan Damani and his family, D-Mart offers essential home and personal products across key markets, including Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Madhya Pradesh, Rajasthan, Punjab, NCR, Chhattisgarh, and Daman.

However, despite these better-than-expected results, M&S shares dropped 5 percent on Thursday.

Stuart Machin, Chief Executive, acknowledged the challenges ahead, including higher taxes and wage costs from April, but expressed confidence in the company's ability to manage these headwinds. "There is much within the group's control to offset the challenges that all retailers face this year," said Machin.

Demand for velvet party wear, denim, and knitwear boosted its clothing segment, helping the company gain 0.5 percentage points of market share, now standing at approximately 11 percent.

"Sales records were broken across the business, with Food recording its biggest day and Clothing, Home & Beauty online its biggest week," Machin said. "But we're not complacent—as a growth business, it's our job to break records."

The company's strong performance followed momentum built throughout 2024. However, analysts remain cautious about the future.

For the 13 weeks ending December 28, analysts had predicted a 7.8 percent rise in M&S food sales and a 0.7 percent increase in clothing and home sales, both of which were surpassed. Despite its success, M&S has projected a £120 million ($148 million) impact from higher taxes and wage costs in the coming financial year.

The 141-year-old retailer remains focused on navigating these challenges while maintaining its strong position in the UK retail market.

Page Industries has officially announced the appointment of Karthik Yathindra as its new Chief Executive Officer (CEO), effective April 1, 2025. The decision marks a pivotal leadership change as the company continues its focus on growth and innovation.

Karthik Yathindra brings a wealth of expertise to his new role, with over 15 years of experience in the fashion and lifestyle industry. His career began at Titan Company, where he excelled across multiple roles in Sales, Distribution, Retail Operations, Product Management, and Marketing. During his tenure, he played a key role in shaping iconic brands like Titan, Fastrack, Sonata, and Zoop.

Page Industries serves as the exclusive licensee of JOCKEY International Inc. (USA) for the manufacturing, distribution, and marketing of the JOCKEY brand in India and several neighboring regions, including Sri Lanka, Bangladesh, Nepal, Oman, Qatar, the Maldives, Bhutan, and the UAE. Additionally, the company holds the exclusive license for Speedo International, managing the brand’s manufacturing and marketing operations in India.

The company also reported strong financial results in Q2 FY25, with standalone net profit rising by 29.93 percent to Rs. 195.25 crore. Revenue from operations grew by 11.06 percent, reaching Rs. 1,246.27 crore compared to the same quarter in FY24.

Despite the robust financial performance, shares of Page Industries saw a slight decline of 0.48 percent, closing at Rs. 47,672.90 on the Bombay Stock Exchange (BSE).

The appointment of Karthik Yathindra is seen as a strategic move to strengthen Page Industries' leadership as it continues to expand its footprint in the highly competitive fashion and lifestyle market. With his extensive industry experience and proven track record, Yathindra is poised to lead the company into its next phase of growth and innovation.

Sainsbury’s, Britain’s second-largest supermarket chain, is on track to achieve a 7 percent profit growth for the year, driven by strong grocery sales during the Christmas quarter. The retailer reported a 2.8 percent rise in underlying sales for the third quarter ending January 4, despite weaker performance in general merchandise and clothing sales.

Grocery sales rose by 4.1 percent, with significant demand for festive items like party food, Champagne, and sparkling wine. However, general merchandise sales fell by 0.1 percent in Sainsbury’s stores and dropped 1.4 percent in its Argos business. The trend of Britons opting to dine at home boosted the popularity of Sainsbury’s premium "Taste the Difference" range, which saw a 16 percent sales increase during the holiday season.

“We have won grocery market share for the fifth consecutive Christmas, with more customers choosing Sainsbury's for their big shop,” said CEO Simon Roberts.

The group’s strategy of matching discount retailer Aldi’s prices on hundreds of items and offering better deals to members of its Nectar loyalty program has helped it grow its customer base. These measures, supported by cost-cutting efforts, have contributed to Sainsbury’s increasing its UK grocery market share to 16.0 percent at the end of 2024, up by 20 basis points from the previous year.

Sainsbury’s expects its full-year underlying operating profit to align with market consensus, ranging between £1.01 billion and £1.06 billion ($1.24 billion to $1.30 billion). However, the company faces challenges from rising costs, inflation, and new tax bills.

Despite positive performance, Sainsbury’s shares fell by 2 percent in early trading, mirroring a broader decline among retailers due to concerns over the economic outlook and consumer spending for 2025.

Star Localmart, the retail arm of Sanjay Ghodawat Group, has introduced premium milk products to its portfolio. The new fresh milk subscription service includes Thote Milk in Maharashtra and Aditya Milk and Dodla Milk in Karnataka, offering customers high-quality milk at prices lower than the maximum retail price (MRP).

With the subscription model, customers can enjoy significant savings. Thote Milk Full Cream, priced at Rs 72 per liter, is available at Rs 62 per liter with a monthly subscription costing Rs 1,800 for 30 liters. Similarly, Aditya Milk, usually Rs 58 per liter, is now Rs 47 per liter with a subscription priced at Rs 1,410 per month. Dodla Milk, typically Rs 50 per liter, is offered at Rs 43 per liter, with a monthly subscription priced at Rs 1,290.

“With the rising demand for high-quality milk and milk products, we are committed to meeting our customers’ needs by offering superior products at affordable prices. Our goal is to enhance everyday shopping experiences by making essential goods easily accessible and fostering trust with every purchase,” said Srinivas Kolluru, Business Head, Star Localmart.

Launched in 2020, Star Localmart operates neighborhood convenience grocery outlets aimed at bringing a modern retail experience to smaller towns in India. The stores feature a compact format of 1,000–1,200 sq. ft. and offer over 3,000 SKUs.

Currently, the chain runs more than 90 stores across Maharashtra and Karnataka. The company has ambitious plans to become India’s largest rural retail chain, with a target of opening 3,000 stores in the next five years.

The Adani Group announced on Friday that it raised Rs 4,850 crore through the sale of a 13.5 percent stake in Adani Wilmar, a joint venture with Singapore-based Wilmar International. The move is part of the conglomerate's broader strategy to exit non-core businesses and focus on its core infrastructure operations.

The stake was sold through an Offer for Sale (OFS) to non-retail investors on January 10 and retail investors on January 13 at a floor price of Rs 275 per share. The OFS also included an option to sell an additional 6.5 percent equity. According to stock exchange filings, Adani Commodities LLP, a subsidiary of Adani Enterprises Ltd (AEL), completed the sale, which attracted significant demand from over 100 marquee international and domestic investors.

"We wish to intimate the stock exchanges of our intention to exercise the oversubscription option in the offer to the extent of 1.96 crore equity shares (1.51 percent of the total equity), in addition to 17.54 crore equity shares (13.5 percent) forming part of the base offer size," the Adani Group stated. The total shares offered under the OFS increased to 19.5 crore (15.01 percent).

Despite challenging market conditions, with the Sensex down 0.3 percent and the NIFTY MIDCAP 100 dropping 2.1 percent, the transaction was successfully concluded, demonstrating the Adani Group’s ability to raise capital independent of market scenarios.

This is the first phase of the Adani Group’s exit from Adani Wilmar Ltd (AWL), which produces the Fortune brand of cooking oils, wheat flour, rice, and other food products. Adani Wilmar is an equal joint venture between the Adani Group and Wilmar International, with the two partners holding a combined 87.87 percent stake, well above the regulatory cap of 75 percent for public companies.

As part of the second phase, Singapore’s Wilmar International Ltd will acquire the remaining 31.06 percent stake at a price not exceeding Rs 305 per share. The exact number of shares to be sold will depend on the response to the OFS. This transaction is expected to conclude by March 31, 2025.

The funds raised will help Adani Enterprises Ltd strengthen its infrastructure portfolio, including airports, roads, data centers, and green hydrogen projects. Earlier, AEL raised $500 million in October 2024 through a qualified institutional placement and now has a $2.5 billion corpus to drive growth in its core businesses.

The stake sale also ensures Adani Wilmar’s compliance with the Securities and Exchange Board of India’s (SEBI) minimum public shareholding (MPS) norms. With this, promoters now hold 74.37 percent, and public shareholders own 25.63 percent.

Established in 1999, Adani Wilmar operates 23 plants across 10 states and reported consolidated revenue of Rs 51,555.24 crore in the last fiscal year. Its market capitalization is approximately Rs 42,000 crore. The company went public in February 2022, raising Rs 3,600 crore through its IPO. This transaction marks a significant step for the Adani Group as it continues to align its operations with its long-term goals.

PNG Jewellers, a 192-year-old iconic brand synonymous with trust, purity, and Maharashtrian tradition, has launched its first store in Solapur, Maharashtra, on January 10, 2025. The store was inaugurated by Bollywood superstar and brand ambassador Madhuri Dixit, alongside Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, and Mr. Parag Gadgil.

Located at 146, Railway Lines, Old Employment Chowk (opposite Hotel Dhruv), the spacious 5,800 sq. ft. store offers an extensive collection, ranging from rings, earrings, and bracelets to bridal jewellery crafted in gold, silver, natural diamonds, and platinum. The new outlet reflects PNG Jewellers’ commitment to bringing exquisite jewellery to a wider audience.

Speaking at the event, Dr. Saurabh Gadgil expressed his pride in this expansion: “The opening of our new store in Solapur is a moment filled with great joy and pride for PNG Jewellers. This expansion represents our effort to enhance accessibility for our valued customers, addressing the growing demand for our jewellery in this region. Our unwavering dedication to delivering the finest jewellery and unparalleled services remains at the core of our mission.”

Madhuri Dixit shared her excitement, stating, “I am truly delighted to be here in Solapur for the launch of PNG Jewellers' new store. PNG has always stood for trust, tradition, and timeless craftsmanship. I’m sure this store will bring joy and sparkle to countless lives, just as jewellery does to special moments.”

Solapur, known for its rich cultural heritage, has a strong affinity for jewellery, especially during weddings and festivities. With this new store, PNG Jewellers aims to blend traditional craftsmanship with modern designs, catering to customers of all generations.

FMCG major Hindustan Unilever Limited (HUL) announced on Friday the incorporation of a new subsidiary, Kwality Wall's (India) Ltd (KWIL), as part of its plan to demerge its ice cream business. According to a regulatory filing, the new subsidiary will handle the proposed demerger, which is currently being evaluated by HUL's board. HUL will retain full ownership of KWIL by holding 100 percent of its issued and subscribed share capital.

Earlier, on November 25, 2024, HUL approved the demerger of its ice cream business, which includes well-known brands such as Kwality Wall's, Cornetto, and Magnum, into an independent listed entity. Existing HUL shareholders will receive shares in the new entity proportionate to their shareholding in HUL.

The decision to demerge followed recommendations from an independent committee formed in September 2024. The committee highlighted that the ice cream business operates on a distinct model requiring cold chain infrastructure and unique channel dynamics, which limits synergies with the rest of HUL's operations.

HUL's parent company, Unilever PLC, had earlier expressed its intention to separate its global ice cream business across jurisdictions. For the financial year ending March 2024, HUL reported revenue of Rs 59,579 crore from product sales.

Senco Gold & Diamonds is poised to achieve a sales milestone of over Rs 6,000 crore in the fiscal year 2024-25, projecting a 19-20 percent growth rate. The company's optimism stems from a robust performance in the first nine months of the year, supported by record-breaking sales figures in October and the third quarter.

The Kolkata-based jewellery retailer recorded a revenue of Rs 5,230 crore in FY’24. It reported a remarkable year-on-year (YoY) revenue growth of 22 percent in the third quarter of FY25. October 2024 saw Senco achieving its highest-ever single-month sales of over Rs 1,000 crore, while the third quarter's sales crossed Rs 2,000 crore.

Same-store sales growth (SSSG) for the company remained steady in the range of 13-14 percent, with the stud ratio maintained at 10.5 percent, according to a business update shared by the company. The old gold exchange contributed 38 percent of the total sales, with 62 percent coming from non-company sources.

Senco Gold & Diamonds has been expanding its retail footprint aggressively. The company's showroom portfolio now stands at 170 outlets, including 69 franchisee showrooms. In the last nine months, Senco launched 12 new showrooms, with seven being company-owned stores. Looking ahead, the firm plans to open an additional 18-20 new showrooms in the fourth quarter of FY25, of which 10-12 will be franchisee outlets.

In Q3 FY25, the company raised Rs 459 crore through a qualified institutional placement (QIP) at a price of Rs 1,125 per share, further strengthening its financial position for future expansion.

“After months of gains and record highs, gold’s upward trajectory has slowed since early November, and prices have dropped by almost 6 percent from its peak in December,” the company officials stated.

Despite fluctuations in gold prices, Senco remains confident in its growth trajectory, driven by its expanding showroom network and consistent sales performance.

Hindustan Unilever Limited (HUL) is reportedly in advanced discussions to acquire Jaipur-based skincare brand Minimalist, backed by Peak XV Partners, in a deal valued at Rs 3,000 crore ($350 million). If finalized, this acquisition would mark one of the largest transactions in India’s direct-to-consumer (D2C) retail sector.  

According to a report, Minimalist’s valuation would rise significantly from Rs 630 crore to Rs 3,000 crore within three years. The brand reported Rs 350 crore in revenue for the financial year ending March 31, 2024, reflecting an 89 percent growth from Rs 184 crore in the previous year. Minimalist has consistently recorded profits over the past four years.  

The brand's strong financial performance has positioned it with a revenue multiple of nearly 10X, surpassing the typical 4-6X range seen in similar D2C retail deals in India. Minimalist and its founders, Mohit Yadav and Rahul Yadav, have not issued any official statements regarding the potential deal.  

HUL has reportedly been considering acquiring Minimalist for the past three years, following a Rs 110 crore investment from Unilever Ventures, HUL’s private equity and venture capital arm. This move aligns with global FMCG companies' broader strategy to expand their presence in India by acquiring emerging retail brands.  

Other FMCG companies such as Marico, ITC, and Dabur have also pursued similar strategies, acquiring brands like Beardo, Plix, and Yogabar to strengthen their position in the evolving retail market and attract younger consumers.

Allies of Skin, the Singapore-based luxury skincare brand celebrated for its scientifically advanced formulations, has recently been making headlines with a series of noteworthy developments. From strategic leadership changes to securing significant funding for expansion, the brand is poised for greater global influence in the competitive beauty industry.

In October 2024, Allies of Skin announced the appointment of Karen Raghavan as its new global president. With over 20 years of experience in the beauty, wellness, and biotech sectors, Raghavan is a seasoned leader known for her transformative strategies. Previously at the helm of brands like Benefit Cosmetics and Biossance, her addition to the Allies of Skin team signals a clear intent to accelerate the brand’s global footprint.

“Karen’s vast expertise and proven track record will help us navigate the complexities of international markets,” said Nicolas Travis, the brand’s founder. “Her leadership will be instrumental in scaling our operations and reaching more consumers worldwide.”

Earlier in 2024, Allies of Skin raised $20 million in a funding round led by Meaningful Partners. This investment is set to drive the brand’s ambitious expansion into the U.S. market, with a focus on enhancing its digital and retail presence. Founder Nicolas Travis highlighted that the brand achieved EBITA profitability in 2023, further solidifying its position as a financially sustainable venture.

The funding marks a pivotal moment for Allies of Skin as it seeks to bolster its presence in one of the world’s most lucrative skincare markets. Plans are underway to introduce the brand’s award-winning products to a wider audience through strategic partnerships and innovative marketing campaigns.

Allies of Skin’s commitment to innovation continues to resonate with consumers and critics alike. In January 2025, the brand’s Daily Firming Anti-Aging Trio Skincare Kit was featured among PEOPLE’s top luxury beauty picks. The kit, which includes a cleanser, serum, and moisturizer, has been lauded for its exceptional performance in addressing signs of aging and improving skin texture.

The recognition further cements the brand’s reputation for delivering high-quality, effective skincare solutions. With a focus on science-backed ingredients and results-driven formulations, Allies of Skin has consistently raised the bar in the luxury skincare segment.

As Allies of Skin enters 2025, it stands at the forefront of an evolving beauty landscape. The combination of strong leadership, financial backing, and product innovation positions the brand for continued success. With its sights set on global expansion, particularly in the U.S., Allies of Skin is well-equipped to redefine modern skincare and connect with an even broader audience.

For a brand that began as a small venture in Singapore, Allies of Skin’s journey is a testament to the power of innovation and perseverance in carving a niche in the highly competitive world of beauty and skincare.

Men’s fine clothing and accessories brand Zodiac has officially launched its latest store at the prestigious Vegas Mall in Delhi, further strengthening its retail presence in the country. This new outlet brings Zodiac’s premium offerings to a broader audience, featuring a curated selection of the brand’s signature products, including formal shirts, trousers, clubwear, ties, and pocket squares. The store reflects Zodiac’s commitment to delivering a sophisticated and exclusive shopping experience for its patrons.

“We are excited to add Zodiac to our brand offerings. Its extensive range of premium menswear perfectly complements our vision of offering a world-class shopping experience. This partnership reaffirms our commitment to bringing the best in fashion and lifestyle to our patrons,” said Ravinder Choudhary, Vice President, Vegas Mall.

The Zodiac brand boasts a rich history that dates back to the late 1950s when it was founded by M.Y. Noorani as a trading company. One of the defining moments in its journey came early on when a buyer canceled a fabric order, leaving Noorani with a consignment of unsold fabric. Demonstrating resilience and ingenuity, Noorani paid the import duty, took delivery of the fabric, and repurposed it into neckties. This decisive move marked the beginning of Zodiac’s transformation into a celebrated brand.

Building on the success of its neckties, Zodiac soon diversified into men’s accessories such as cufflinks, belts, wallets, and handkerchiefs, solidifying its position as a go-to brand for men’s fashion. By the late 1960s, the company entered the shirt market, gaining acclaim for its high-quality and stylish designs. Later, premium trousers were added to its repertoire, further broadening its appeal and cementing its reputation as a leader in fine menswear.

Today, Zodiac’s retail strategy reflects its dedication to quality and customer satisfaction. In addition to selling its products through nearly 800 independent retailers, the brand operates almost 100 stores under a company-owned company-operated (COCO) model. This approach ensures that customers receive a consistent and superior shopping experience at every Zodiac outlet.

The launch of the new store at Vegas Mall is a significant step in Zodiac’s growth story. The store’s strategic location in one of Delhi’s premier shopping destinations highlights the brand’s focus on reaching a discerning clientele. With its blend of tradition and modernity, Zodiac continues to set benchmarks in the men’s fashion industry, offering an unparalleled range of products for every occasion. Whether it’s a formal business meeting or a casual outing, Zodiac’s offerings cater to the diverse needs of the modern man.

Korean skincare and makeup brand TIRTIR, known for its innovative beauty products, is making its entry into the Indian retail market in collaboration with Reliance Retail's Tira. This offline retail debut brings TIRTIR’s popular offerings to Indian beauty enthusiasts, further expanding the brand’s global reach.

TIRTIR has earned significant global attention, particularly for its Mask Fit Red Cushion Foundation, which features 30 shades designed to cater to a wide range of skin tones. This product has gained recognition for its inclusivity, especially in markets where diverse beauty products are limited.

Other popular products from TIRTIR include:

TIRTIR products are now available in select Tira stores and through the Tira app. Customers can find TIRTIR’s offerings at the following locations:

With its innovative formulations, premium quality, and focus on inclusivity, TIRTIR is poised to attract a growing base of consumers in India’s beauty retail market.

Nike has replaced its CEO John Donahoe with Elliott Hill, a long-time executive who retired in 2020. The move comes as the company faces significant challenges in the retail and sportswear markets in India and globally, with a decline in performance over the past two years. Hill, a seasoned company veteran, is expected to reconnect with staff and retail partners, but revitalizing Nike’s $50 billion brand will be a long and difficult process.

Nike's struggles stem from Donahoe’s strategy following his appointment in 2020, where he aimed to reposition the company as a tech powerhouse and luxury brand. While this approach initially boosted the company’s stock price, prioritizing its own websites and stores while reducing product supply to retailers led to gaps that competitors, including Adidas and emerging sportswear brands like On Holding and Hoka, quickly filled.

Nike's footwear portfolio also faced challenges, as the company's popular sneaker models, such as the Airforce 1 and Air Jordan 1, lost their appeal. As consumer preferences shifted towards retro styles like Adidas' Samba, Nike was slow to pivot to this trend. Meanwhile, Adidas’ CEO Bjorn Gulden was quick to ramp up production of in-demand styles, gaining market share while Nike's innovation stalled.

Hill's first task will be to rejuvenate Nike’s sneaker offerings and rebuild its position in the running category, where it has lost ground to competitors like On and Hoka. The company must also enhance its fashion appeal to compete with Adidas, focusing on speed in product development, as seen with companies like Zara, and ensuring a consistent pipeline of new footwear to avoid overreliance on popular models.

Additionally, Hill will need to rebuild Nike's relationships with retail partners, ensuring its products are available in stores. To assist with this, Nike re-hired veteran executive Tom Peddie in July 2024 to help restore these relationships. As Nike seeks to re-establish its market position, Hill’s leadership will be key to regaining consumer trust and increasing sales, especially in the highly competitive retail environment.

Hill’s leadership will require time and strategic changes, including marketing efforts to restore Nike's allure and appeal to a wider audience. Despite its current struggles, Nike remains a leader in the sportswear industry, but the market has become more fragmented, and the competition is fierce.

In his memo to staff, Hill acknowledged the challenges, noting, “Things haven’t been easy.” The company's path to recovery will be gradual, with Hill needing to adjust expectations while addressing the issues that have led to Nike's decline. With rivals like Adidas showing no signs of slowing down, the pressure on Nike to regain its dominance is significant.

iD Fresh Food has introduced four new specialty batters: Protein-Rich Idli Dosa Batter, Ragi Millet Idli Dosa Batter, Multigrain Idli Dosa Batter, and Mallige Idli Batter. These products aim to cater to evolving consumer preferences for healthier and more diverse food options while maintaining the brand’s focus on fresh and preservative-free offerings.  

The new range is exclusively available on quick-commerce platforms in Bangalore, Mumbai, Pune, Delhi, and Hyderabad. With this addition, iD Fresh Food is broadening its flagship idli-dosa batter portfolio, reinforcing its leadership in the category.  

Rajat Diwaker, CEO (India), iD Fresh Food stated, “At iD Fresh Food, we're dedicated to meeting the growing demand for healthy and nutritious options. Over the last two decades, our batter segment has been one of the fastest-growing categories, earning immense love and trust from consumers. Today, we're thrilled to take this journey to the next level with the launch of our new range of specialty batters. This addition reflects our commitment to innovation and strengthens our bond with our customers by offering more variety and catering to diverse preferences. Starting with an exclusive rollout in metro cities, we aim to make these new offerings available across the country in the coming months.”  

Enakshi Dasgupta, Head of New Product Development at iD Fresh Food, said, “Our new line of specialty batters is designed to meet the evolving tastes of our discerning customers. For example, our protein batter delivers 15g of protein in just two idlis, providing a nutritious start to your day with a protein-packed breakfast option. Staying true to iD’s ethos, we ensure every product is free from preservatives, additives, or chemicals. These batters are perfect for today’s busy, health-conscious lifestyles, offering a balance of taste, convenience, and nourishment.”  

Initially launched in Bangalore, the products will soon be available in Mumbai, Pune, Delhi, and Hyderabad, with plans for broader distribution in the coming months. iD Fresh Food continues to address India’s retail demand for fresh, high-quality, and convenient food solutions, building on its reputation for innovation and consumer-centric offerings.  

Continental Tires, a global tyre manufacturer, has launched its PremiumContact 6 (PC6) tyres and ContiSeal technology at an exclusive event at the Wabco Proving Ground in Chennai. The company also showcased its Gen3 Truck Radial tyres, highlighting solutions for both passenger and commercial vehicle applications, reinforcing its presence in India’s retail tyre market.

The PremiumContact 6 tyres are designed for the demanding road conditions in India, emphasizing safety, performance, and comfort. ContiSeal addresses safety concerns by eliminating the immediate need for roadside assistance in case of punctures. This self-sealing technology automatically seals 85 percent of tread punctures caused by objects up to 5 mm in diameter, such as nails or screws, allowing uninterrupted driving.

The technology’s viscous sealing layer inside the tyre maintains air pressure even if the puncturing object is dislodged. This reduces reliance on spare tyres, enhancing safety and convenience for drivers navigating India’s unpredictable road conditions.

Continental continues to cater to the medium and heavy commercial vehicle (MHCV) segment in India with products for highway, regional, and on/off-road applications. 

Samir Gupta, Head of Central Region – BA Tires APAC and MD of Continental Tires India said, “The launch of the PremiumContact 6 and ContiSealTM is another step in our commitment to bringing advanced, tailored solutions for Indian roads as part of our ‘In the Market, For the Market’ strategy. The products exemplify our dedication to safety, comfort, and performance, addressing the diverse challenges faced by Indian consumers. With the new launches, we aim to instill confidence and ensure a superior driving experience for our customers and generate value for stakeholders.”

Founded in 1871, Continental Tires is one of the world’s largest tyre manufacturers, employing over 200,000 people across 56 countries. In 2023, the company reported global sales of €41.4 billion, with its tyre division contributing €14 billion. Continental continues to innovate in connected and sustainable mobility, offering solutions for various vehicle segments and retail markets globally.

By expanding its portfolio and integrating advanced technologies, Continental is strengthening its position in India’s retail tyre industry, catering to both passenger and commercial vehicle segments.